U.S. unveils 22 entities linked to Iran's “Shadow Banking” Network
The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime....
The European Bank for Reconstruction and Development (EBRD) has launched its Youth in Business programme in Türkiye, building on its success in 12 other countries. The initiative aims to mobilise up to €250 million in financing to support young entrepreneurs under 35.
Backed by the Turkish government and the European Union (EU), the programme offers financial support, expertise, and business development services to address key challenges faced by young entrepreneurs, such as limited access to funding, experience, and market information.
According to the Bank, Türkiye faces persistently high youth unemployment, and the EBRD sees fostering youth-led businesses as a catalyst for economic growth. The programme will channel financing, technical assistance, and risk-sharing tools through local partner banks, which will then lend to youth-led micro, small, and medium-sized enterprises (MSMEs).
The Youth in Business programme is currently active in Central Asia, Egypt, Morocco and the Western Balkans, and is designed to make financing more accessible for businesses.
A major focus of the initiative is to aid economic recovery in regions hit by the February 2023 earthquakes, with 70% of the programme's funding set to support businesses in those areas.
At the launch event in Istanbul, Francis Malige, EBRD Managing Director for Financial Institutions, highlighted the programme’s rapid growth since its 2021 debut in Egypt, expanding to a €1 billion initiative across 12 countries.
“Türkiye’s greatest asset is its youth,” he said. “We believe this programme will thrive among the country’s dynamic and resilient young entrepreneurs.”
The launch also marked the commitment of initial Turkish banking partners, with Akbank, Şekerbank, and TEB joining the programme.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
Azerbaijan Railways CJSC signed a Memorandum of Understanding with the Chinese company 'Xi'an Free Trade Port Construction and Operation' and has opened its representative office and container terminal in the Xi'an International Port.
The UK and Japan have signed a Memorandum of Cooperation (MoC) aimed at enabling increased UK investment into Japan, further strengthening the economic ties between the two nations.
German inflation eased to 2.0% in June, the federal statistics office said on Thursday, confirming preliminary data.
Nvidia has made history as the first publicly traded company to surpass a $4 trillion market value, driven by an AI-fuelled investor boom.
Oil prices climbed on Wednesday, maintaining their highest levels since 23 June, lifted by recent attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment